Corporate Presentation
Andrew Mortimer, Managing Director “Reopening Australia’s first iron ore mine and forging a new technical pathway for nickel production”
May 2012 1
Corporate Presentation Andrew Mortimer, Managing Director Reopening - - PowerPoint PPT Presentation
Corporate Presentation Andrew Mortimer, Managing Director Reopening Australias first iron ore mine and forging a new technical pathway for nickel production 1 May 2012 Disclaimer Important Notice: This document is not a disclosure
Andrew Mortimer, Managing Director “Reopening Australia’s first iron ore mine and forging a new technical pathway for nickel production”
May 2012 1
May 2012
Important Notice: This document is not a disclosure document nor does it constitute the provision of financial product advice. No representation or warranty is made as to the accuracy, completeness or reliability of the information. The information is provided expressly on the basis that recipients will carry out their own independent inquiries into the matters contained herein and make their own independent decisions about the affairs, financial position or prospects of the Company which reserves the right to update, amend or supplement any information at any time in its absolute discretion. Furthermore some of the information in this report relates to future events or future business and financial performance. Such statements constitute forward-looking information within the meaning of the Private Securities Litigation Act of 1995. Such statements can be only predictions and the actual events or results may differ from those discussed due to, among other things, risks described in “Proto Resources & Investments Ltd” company reports. Competent Person’s Statement: The information in this report that relates to Exploration Results is based on information reviewed by Mr Peter Peebles, who is a Member
time employee of Darlington Geological Services Pty Ltd and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Peebles consents to the inclusion in
context in which it appears on those slides.
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FLAGSHIP BARNES HILL PROJECT
throughput resulting in ~47% IRR
prior to nickel-cobalt production in 2013
EXPLORATION
gold-copper campaign in the Northern Territory
TECHNOLOGY
housed within the majority-owned technology company Barrier Bay, due for completion in August this year ready for demonstration-scale facility.
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Magnetic iron ore on the surface at Barnes Hill (above and below)
ISSUED CAPITAL
~37% held by Frankfurt Exchange investors)
September 2014
December 2013
May 2012 4 FINANCIAL POSITION
Project
The Frankfurt Stock Exchange (above) provides solid liquidity to Proto shares
Proto is led by a team of experienced executives each drawing on their relevant skill sets from a diverse range of backgrounds.
DIRECTORS
Head of Australian Defence Reserves)
MANAGEMENT AND SENIOR CONSULTANTS
Normandy)
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250,000 end-use applications. 40% percent of annual use is in:
have high electrical conductivity; and
chemical reactions and in rechargeable batteries
May 2012
Nickel stainless steel was pioneered with the Chrysler Building in 1930
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Sulphide Laterite Reserves 40% 60% Production 58% 42%
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Iron Ore Operation 500ktpa nickel operation using IX technology 500ktpa nickel
Barrier Bay technology
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0.06% Co at a 0.5% Ni cut-off (5.6Mt of indicated resources)
Limited
Launceston and 15km from deep water port of Bell Bay
than 90 days (by Q3 2012)
low acid consumption ore
2012
Finance with 14.2% held
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minimised.
avoided or maintained
and outside nature reserves
proposed purchase 105 ha private land to support 87 ha of native habitat
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Proposal and Environmental Management Plan for permitting approval. This follows from the granting of the Barnes Hill Mining Lease in June. The DPEMP:
vat leaching to produce a dilute 8g/L sulphuric acid solution.
completed.
footprint, however, Barnes Hill is not dependent on the technology to be economically viable.
Environment Protection Authority (EPA) based on Proto’s earlier Notice of Intent (NOI)
studies showing no material presence of fauna, and minimal flora impacts. Heritage surveys also completed with “green-light” results
Barnes Hill is just 15km from the deepwater port of Bell Bay (above)
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S O U T H A U S T R A L I A N O R T H E R N T E R R I T O R Y W E S T E R N A U S T R A L I A N E W S O U T H W A L ES V I C T O R I A T A S M A N I A
500 1000 km
" # !#$%
&
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bedrock conductor gold-copper prospect located 380km southwest of Katherine finished in April this year
quartz-carbonate-chlorite- hematite-sericite alteration associated with intense vertical foliation.
and pyrite mineralisation associated with this alteration in dominantly metavolcanics and black shale between 385-430m.
Mining and Exploration Ltd funding the campaign under its earn-in to the project
historical Glengarry Basin being:
blocks (6km2)
known Cu-Au and Pb mineral deposits in the region
with Mt. Killara showing interesting structures
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Palaeoproterozoic-aged Yerrida Basin which has seen encouraging exploration results in recent times
southeast of Sandfire Resources NL’s DeGrussa Cu-Au Deposit and adjoins Great Western Exploration Limited’s Doolgunna Project
application area by the Geological Survey
Exploration has defined a broad polymetallic geochemical soil anomaly along with several VTEM conductors.
exploration results include Sipa Resources Ltd, Ventnor Resources Limited and Dourado Resources Ltd.
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sulphide deposits
depleted, grades are falling and new discoveries are scarce
come from laterite sources
magnesium that call for different processing methods
laterite are High Pressure Acid Leaching (HPAL) and Heap Leaching. Under these methods ore is processed in a sulphuric acid leach to extract the metal. The nickel/cobalt solution is then separated and purified by solvent extraction and electrowinning.
May 2012
Acid plant at Ravensthorpe, WA (below) Goro nickel plant in New Caledonia (above)
But this requires large CAPEX (for an acid plant, plus pressure and heat apparatus for HPAL) and OPEX (for acid, acid transport, and by-product storage) Leaves a large environmental footprint as by-products including sulphuric acid, and iron and magnesium salts must be neutralised and stored in a tailings dam
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technology based on the use of electricity to process waste by-products into reusable acid and saleable metal products
May 2012 Logic of the Barrier Bay backend recycling cell (below) 21
Front end: extracts saleable nickel and cobalt from acidic solution using an Ion Exchange flow sheet developed and applied by Proto’s JV partner Metals Finance Limited at Rio Tinto’s Palabora mine in South Africa since the end of 2008 Back end: extracts saleable iron and magnesium from acidic solution and recycles up to 90% of the sulphuric acid. Proto’s 50%-owned technology company Barrier Bay Pty Ltd has been testing this process since 2008 and it is now under commercial pilot
May 2012 The pilot plant (above) in northern NSW is approaching the latter stages of the pilot
laterite processing into revenue streams Barrier Bay’s technology:
products of iron oxide and magnesium hydroxide HPAL and Heap Leaching methods:
the waste stream
magnesium sulphate that must be neutralised and stored in the tailings dam
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magnesium as waste, rather than generating revenue
$100 bills”
technology with Australian Commonwealth Government grant funding and the encouragement and urging of the Tasmanian State Government
polymetallic nickel, cobalt, iron and magnesium mineralisations hosted in weathered, surface lateritic clay
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The Barrier Bay technology extracts all four elements as saleable products thus reducing CAPEX on acid plants and tailings dams by up to 80% By contrast, conventional processing only produces saleable nickel and then squanders nickel revenues to fund neutralisation and storage of the iron and magnesium – this not only costs money, but also lowers revenue by burying co-products rather than selling them
The proposed site for mineral processing at Barnes Hill, Tasmania
Suite 1901, Level 19, 109 Pitt St, Sydney NSW 2000
PO Box R1870 Royal Exchange NSW 1225, Australia
+61 (0)2 9235 3889
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